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Slavish Politicans Are Robbing My Generation To Appease Older Voters


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Why people like the author are supporting the party is not clear. He ought to leave.

+1

The author should read the comments and wise up. His party's core voters (homeowners over the age of 60) hate people like him. They are not on his side, if anything they think his life is already too good and should be harder.

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+1

The author should read the comments and wise up. His party's core voters (homeowners over the age of 60) hate people like him. They are not on his side, if anything they think his life is already too good and should be harder.

Just for you.

@cheeznbreed said:

@Joe_Armitage Your ConHome piece makes me wonder why you support the party. Seems like many of the core vote despise people like you.

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Why people like the author are supporting the party is not clear. He ought to leave.

Tories have only about 200 members/constituency on average, down from about 400 a decade ago.

The legitimacy of the party wanes by the day. Tick tock...

Yup and they are exceedingly dependent on the young up and comers for get out the vote drives.

He and everyone like him should not be actively enaged in supporting the tories because it's clear they don't give a toss about him. Find some small alternative party that will truly represent his interests.

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Its going to take at least 2 decades for the Boomers to work their way out of the system and have their grip prised from the UK. Many cannot wait that long, even if we all have to work until we drop.

Bang on.

Arguably the demographic structural trends leading to a tighter market for housing (tighter supply and demand, higher prices) will be as strong if not stronger for the next 20 years than the last 20 years.

Reminds me of this scene from Red Dwarf.

He stood on the gantry, hands in his ski anorak pockets,

watching the skutters lasering their way through the hull.

'How long before we're in?' he asked Holly.

Holly: Two, maybe three days.

There was a noise: the sound of creaking metal buckling

and ripping as the huge, arch-shaped door, which the laser

torches were cutting into the craft's hide, slowly teetered

forward and fell like a medieval drawbridge, crushing all

eight skutters.

'Maybe even sooner,* added Holly unconvincingly.

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I think the problem is the politicians don't want to admit that the "wealth" the boomers have is imaginary and isn't real. Without inflation growth the promises made to the boomers can't be made good. Final salary pension schemes only work in a constantly expanding economy, if the economy stops these schemes are revealed to be nothing more than a ponzi scheme.

The entire global economy is one massive pyramid scheme and it's becoming harder and harder to keep the illusions going.

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True, but the Gen-Xers, aside from the older ones and the ones who got a house ASAFP, are proper fecked at this point no matter what, it seems to me.

Quite. If you are late 30s and without a house now, waiting 10 or 20 years for the boomers to snuff it will not really help you.

Also, even when the properties do come on the market, every owner-occupier is now competing with an "investor".

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By the time the Boomers shuffle off this mortal coil we'll have a new problem, we will have a Muslim or at least a South Asian majority. Birthrate plus immigration rate far exceeds the birthrate of younger Brits and they are sure to have their own agenda.

The Boomers have ruined all our futures.

There is however one solution...

The Boomers need income to live on and that's through the pensions, the bank bailouts were a de-facto bailout of the pension funds - many of whom have large portfolios based on assets that things like QE are supporting.

You see the pattern here?

When the mother black-swan arrives the pension funds get wiped-out, Boomers are forced to sell to live. Massive supply of housing arrives so prices crash (banks would struggle to lend too so would even crash to cash only levels).

This moment may be closer than we think. Isn't going to be pretty though.

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Quite. If you are late 30s and without a house now, waiting 10 or 20 years for the boomers to snuff it will not really help you.

Also, even when the properties do come on the market, every owner-occupier is now competing with an "investor".

Values are set at the margin, between buyers and sellers on individual houses each month. I'm clearly more optimistic for hpc than some. Got this market under siege. It's already sucked in so much excess money chasing yield, and surrendering buyers wanting to get on at any price, over-extending themselves..... where 'quality buyers' are now fewer on the ground. BTL types now seeing more 'licensing' from London councils (fees/charges thereof), HMRC sniffing around finally (maybe),... turn of the market may see more try to unload, and perhaps pension releasers less keen to invest in falling market - as well as buyers.

The priests looked at the territory they had lost, and the fraction they had left, and
thought it was all over for them. He looked at his relatively unscathed divisions, his
fresh units, his crack squads, all positioned just where they should be, knives laid
against and inside the body of an over-extended, worn-out enemy, just ready to
cut... and thought it was all over for the Empire.
-Use of Weapons
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Why people like the author are supporting the party is not clear. He ought to leave.

Tories have only about 200 members/constituency on average, down from about 400 a decade ago.

The legitimacy of the party wanes by the day. Tick tock...

If only individual member donations are considered, UKIP took in more than the tories last year FFS.

Either the UKIP membership is motivated, or the remaining tory membership must be sick and tired of Cameron. Most have left since he took over anyway.

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Why people like the author are supporting the party is not clear. He ought to leave.

Tories have only about 200 members/constituency on average, down from about 400 a decade ago.

The legitimacy of the party wanes by the day. Tick tock...

He only looks like he's 16-21 or something. Would we be reading him now if he wasn't affiliated to some mainstream political party.

Perhaps he's trying to change it from inside, and taking some risks with criticism.

Another of his articles, earlier this year: Added to this is the slow inversion of what becoming an MP is about. Before it was to contribute, now it starting to be to gain. ...Politics needs to revert back to a time when it was about contribution, not gain. It has become a game for people who have worked in politics all their lives to ‘win’ PMQs, have their stint in Parliament and then rake it in working in a real job. Something they should have done prior to becoming an MP.

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By the time the Boomers shuffle off this mortal coil we'll have a new problem, we will have a Muslim or at least a South Asian majority. Birthrate plus immigration rate far exceeds the birthrate of younger Brits and they are sure to have their own agenda.

The Boomers have ruined all our futures.

-cut-

get real - by the time the 'boomers' as you so insultingly call them shuffle off there will be a whole new generation of 'post-boomers' to ruin your future (unless of course you will then be one of the despised 'olds' )

why do 'the young' think that once the current crop of 60 and 70 year olds have died off it will be 'nirvana and a paradise on earth'

and of course getting old and frail will never happen to them!

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get real - by the time the 'boomers' as you so insultingly call them shuffle off there will be a whole new generation of 'post-boomers' to ruin your future (unless of course you will then be one of the despised 'olds' )

why do 'the young' think that once the current crop of 60 and 70 year olds have died off it will be 'nirvana and a paradise on earth'

Generation X don't have anything like the voting power and wealth of the Baby Boomers so they will struggle to bend the system to their will in the way the Boomers did.

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Generation X don't have anything like the voting power and wealth of the Baby Boomers so they will struggle to bend the system to their will in the way the Boomers did.

everyone over 18 has a vote - if they choose to use it

why do you think only the over 60s have all the wealth - some do but not the entire generation. - it is the 1 per cent against the 99 percent of the whole population that are rich and wealthy.

So every single over 60 person has 'bent the system to their will' - but gen x and y have the benefit of tax credits, equal pay, paid childcare, housing benefit, low interest rates and the rest.

it was the lax lending and liar loans that pushed up house prices - under a government voted in by all ages and stripes.

I give up - will never make a dent in this mindset that all over 60s are rolling in it and making slaves of all the other generations. :(

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Its going to take at least 2 decades for the Boomers to work their way out of the system and have their grip prised from the UK. Many cannot wait that long, even if we all have to work until we drop.

The oldest Boomers are now about 68, the youngest about 48. It will take 20 years for the pre boomers to be no more, at least 30-40 years for most of the boomers to ne no more but by that time the majority will be made up of genX ers who bought into the consumer world and millennium born kids who share little of the values of Thatchers children who are doomed to be the diminishing voice of Thatchers world.

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Quite. If you are late 30s and without a house now, waiting 10 or 20 years for the boomers to snuff it will not really help you.

Also, even when the properties do come on the market, every owner-occupier is now competing with an "investor".

If there's a forthcoming super cyclical bear market in western assets over the next 20 years as boomers liquidate their assets for retirement and as real interest rates inch up gradually from a low base under the burden of expanding western government debts, then this would present a straightforward investment opportunity under the auspices of drip feed asset investment

Not houses for sure, but at low rental costs then the downside to this is pretty limited

Edited by Si1
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everyone over 18 has a vote - if they choose to use it

why do you think only the over 60s have all the wealth - some do but not the entire generation. - it is the 1 per cent against the 99 percent of the whole population that are rich and wealthy.

So every single over 60 person has 'bent the system to their will' - but gen x and y have the benefit of tax credits, equal pay, paid childcare, housing benefit, low interest rates and the rest.

it was the lax lending and liar loans that pushed up house prices - under a government voted in by all ages and stripes.

I give up - will never make a dent in this mindset that all over 60s are rolling in it and making slaves of all the other generations. :(

...Each will blame each other....always someone else's fault.....the way of the world unfortunately, no changes there then. ;)

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I give up - will never make a dent in this mindset that all over 60s are rolling in it and making slaves of all the other generations. :(

I don't believe that anyone said that the existence of inter-generational inequality would somehow eliminate intra-generational inequality.

Yes, there are poor boomers. Yes, there are rich boomers. Yes, there are middling boomers.

The poor boomers are better off than the poor of previous generations, and the poor of the subsequent ones.

The rich boomers are better off than the rich of previous generations, and the rich of the subsequent ones.

The middling boomers are better off than the middling of previous generations, and the middling of the subsequent ones.

As a generation, they have simply taken more.

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I don't believe that anyone said that the existence of inter-generational inequality would somehow eliminate intra-generational inequality.

Yes, there are poor boomers. Yes, there are rich boomers. Yes, there are middling boomers.

The poor boomers are better off than the poor of previous generations, and the poor of the subsequent ones.

The rich boomers are better off than the rich of previous generations, and the rich of the subsequent ones.

The middling boomers are better off than the middling of previous generations, and the middling of the subsequent ones.

As a generation, they have simply taken more.

+1

And the general ignorance and contempt towards following generations seems pretty unique

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get real - by the time the 'boomers' as you so insultingly call them shuffle off there will be a whole new generation of 'post-boomers' to ruin your future (unless of course you will then be one of the despised 'olds' )

why do 'the young' think that once the current crop of 60 and 70 year olds have died off it will be 'nirvana and a paradise on earth'

and of course getting old and frail will never happen to them!

I'm just about old enough to remember what the young boomers did.

Voted in the labour governments of the late 60s and 70s that destroyed the economy ending in going begging to the IMF.

95% tax on the "rich" (really just bled the middle-classes dry).

Inheritance tax to strip the WW2 war heroes of any wealth they had, this caused house prices to tank so they could buy them up on the cheap.

Then after it all went t*ts-up they vote for Maggie (because all they really believed in was themselves), who gives them council houses on the cheap that were built with the money taken from the previous generation.

Worst generation in the history of Britain. My Father and his Father served in national wars and worked hard all their lives - the Boomers are a disgrace.

If you think I am using the word Boomers insultingly - its because I am.

Edited by TwoWolves
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I'm just about old enough to remember what the young boomers did.

Voted in the labour governments of the late 60s and 70s that destroyed the economy ending in going begging to the IMF.

95% tax on the "rich" (really just bled the middle-classes dry).

Inheritance tax to strip the WW2 war heroes of any wealth they had, this caused house prices to tank so they could buy them up on the cheap.

Then after it all went t*ts-up they vote for Maggie (because all they really believed in was themselves), who gives them council houses on the cheap that were built with the money taken from the previous generation.

Worst generation in the history of Britain. My Father and his Father served in national wars and worked hard all their lives - the Boomers are a disgrace.

If you think I am using the word Boomers insultingly - its because I am.

What a load of absolute shite. Boomers voting in the labour government of the 1960's? read the facts you muppet. Boomers, even the oldest boomers weren't old enough to vote in the 1960's and even by the 1970's the were a small minority of the electorate. Inheritance tax/property prices tanking? when exactly was that? even if that bollux were true then it would have been boomers losing out on inherited wealth not their parents. Why don't you pick on blacks or gays or jews whilst you are at it you bigoted knut. It is you and people like you from post boomer generations who are allowing the generations following you to be shafted by your stupidity in falling for this crap whilst the real criminals get away with stealing yours and their futures. No wonder we have the utmost contempt for you.

Edited by campervanman
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